IRREVOCABLE LETTER OF CREDIT - ILOC
Correspondence given by a bank guaranteeing payment for products and services acquired by the individual requesting the letter. Also called irrevocable credit, it cannot be cancelled or changed without permission by the affected parties involved. ILOCs take effect only for a defined time period and expire at a pre-determined point.
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Risk Averse
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Industrial Production | Jul | |
| 08:30 | Producer & Import Prices | Aug | |
| 11:01 | New Yuan Loans | Aug | |
| 14:30 | Consumer Price Index | Aug | |
| 14:30 | Consumer Price Index Core | Aug | |
| 14:30 | Common Core CPI | Aug | |
| 14:30 | Trimmed Core CPI | Aug | |
| 14:30 | Median Core CPI | Aug | |
| 14:30 | Manufacturing Shipments | Jul |
